HealthJoy closes $12.5 million series B deal

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HealthJoy raised $12.5 million Series B venture financing on March 8, 2019, in a deal led by US Venture Partners, with Chicago Ventures, Sidekick Fund, EPIC Ventures, and the HealthJoy co-founders participating.

The company intends to use the funds to expand its team.

HealthJoy uses AI-powered guidance to reduce healthcare cost and administrative burden on companies and their employees. HealthJoy empowers employees to make better healthcare decisions by offering a holistic all-in-one health benefits platform.

The platform features include access to online doctors, healthcare advocacy, prescription savings, other cost containment strategies, and an AI-powered virtual assistant, all delivered through an easy-to-use mobile app. The app integrates with the employer clients’ existing benefits package and incorporates a variety of healthcare data such as claims, medical deductible information, and HSA balances.

The company was founded in 2014 and is based in Chicago.

“Employees are frustrated with healthcare they can barely afford, and employers can’t shift costs any further. Companies now understand that to tackle their total spend they have to address the healthcare costs of individual employees,” said Co-founder and CEO Justin Holland in a press release. “We’re attacking each vertical of employee cost by combining our proprietary healthcare technology stack with the best industry partners to deliver an elegant solution for employees, companies, and their HR teams. U.S. Venture Partners has deep experience in healthcare, navigating public markets, and working with teams in the growth stage. We’re excited to have them on our side during our company’s next phase. With the rapid expansion of our team in Chicago and abroad, we’re looking for curious people to help us break down barriers and achieve our mission of making healthcare simple.”

The company announced through a press release that it is hiring for numerous positions across all disciplines.

Visit www.healthjoy.com to learn more about this company.

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